What is Flare (FLR)? Flare Network Overview
Flare (FLR) enables secure interoperability between blockchains using State Connector and FTSO protocols, unlocking real-world data access for smart contracts.
FLR serves multiple roles: gas token, collateral, governance asset, and oracle utility—making it central to Flare’s decentralized infrastructure.
With features like F-Assets and LayerCake, Flare is positioning itself as a future-proof platform for building trustless cross-chain applications in Web3.
Flare (FLR) is an EVM-compatible Layer 1 network built for cross-chain interoperability, featuring native oracles, smart contracts, and a community-first token distribution model.
WHAT IS FLARE (FLR)?
Flare is a Layer 1 blockchain network built with full compatibility to the Ethereum Virtual Machine (EVM), designed to power interoperability across the entire Web3 ecosystem. Its native token, FLR, plays a central role within this architecture—supporting smart contract execution, governance, and incentivization mechanisms.
➤ Official Website: https://flare.network/
At its core, Flare aims to solve a key Web3 challenge: enabling seamless, secure interaction between different blockchains and real-world data sources. It does so through two foundational protocols—State Connector and the Flare Time Series Oracle (FTSO)—both of which are deeply integrated into the network’s design.
📌 State Connector: Bringing External Data On-Chain
The State Connector enables Flare to securely and trustlessly acquire data from external blockchains and even the internet. This is a major step toward true blockchain interoperability, allowing decentralized applications (dApps) on Flare to use off-chain information in a reliable and decentralized way.
The State Connector operates using two critical mechanisms:
Request–Commit–Reveal (RCR) Protocol: Users request data from another chain, and a group of proof providers verify and submit cryptographic proofs using Merkle trees.
Branching Protocol: After RCR validation, this protocol checks whether over 50% of proof providers agree on the result—ensuring a decentralized consensus on external data.
Through this system, Flare can reconstruct data from other blockchains—such as specific token balances or transaction details—and make it usable within native dApps on its own network.
📌 FTSO: Decentralized Price Feeds in Real Time
The Flare Time Series Oracle (FTSO) serves as Flare‘s native oracle system for time-sensitive data, particularly crypto asset prices. It provides decentralized, frequently updated, and accurate price feeds to on-chain applications.
FTSO sources data from a diverse set of independent data providers, including both centralized and decentralized exchanges. These providers submit price estimates, which are then aggregated and weighted based on two factors:
The amount of FLR tokens they hold
The FLR delegated to them by other token holders
This staking-and-delegation model ensures data quality while rewarding honest and accurate reporting. As a result, Flare supports a wide range of DeFi use cases by offering trustworthy, real-time pricing that can be directly fed into smart contracts.
>>> More to read: What is the Ethereum Virtual Machine (EVM)?
WHAT IS FLR?
FLR is the native cryptocurrency of the Flare ecosystem. Initially launched under the name Spark, it was officially rebranded to FLR in October 2022. More than just a typical Layer 1 token, FLR plays a multifunctional role across the Flare network.
Like other native tokens, FLR is used to pay transaction fees, serve as collateral in decentralized applications (dApps), and participate in staking. However, its utility goes far beyond that. FLR also powers Flare’s native oracle system, acting as a bridge between smart contracts and external data—making it a critical component for enabling real-world data feeds in Web3.
In addition, FLR enables on-chain governance, allowing token holders to influence key decisions within the Flare protocol. This includes voting on proposals related to network upgrades, protocol parameters, and resource allocation. The governance mechanism also plays a vital role in how data is routed between interconnected ecosystems, defining how nodes from different systems communicate and share information.
In short, FLR isn’t just a transactional token—it’s the backbone of a broader vision for cross-chain interoperability and decentralized data infrastructure.
📌 FLR Airdrop & Token Distribution
The FLR token has a fixed total supply of 100 billion, with 58% allocated to the community—primarily through a large-scale airdrop. Around 19% of the tokens were reserved for the Flare development team, early supporters, and advisors, while 22.5% were allocated to entities and funds directly affiliated with Flare.
The initial 15% of public tokens—4.3 billion FLR—were successfully distributed on January 9, 2023, to wallets that held XRP during the snapshot taken in December 2020. The remaining 85% (24.2 billion FLR) are being distributed in a decentralized manner to holders of Wrapped Flare (WFLR). These WFLR holders receive monthly distributions of approximately 700 million FLR over a 36-month period.
🪙 FLR Tokenomics
FLR was officially launched on January 10, 2023, with an initial market price of $0.04. As a token with inflationary mechanics, new FLR tokens are minted and distributed primarily through Flare‘s native oracle system, the FTSO.
Originally, the annual inflation rate was set at 10% of the total supply. However, a governance proposal called FIP.01 was introduced and approved to refine FLR‘s inflation model. Under this new structure, the token inflation rate is adjusted as follows:
Year 1: 10% of the circulating supply
Year 2: 7%
Year 3 onward: 5%, with an annual cap of 5 billion FLR
Inflationary token issuance is distributed as follows:
70% to FTSO data providers
20% to network validators
10% to the default proof providers for the State Connector
This restructured model aims to balance network growth incentives while managing inflation to support long-term sustainability.
>>> More to read: What is SPK? The Key Asset Powering Spark Protocol
FLARE NETWORK FUTURE OUTLOOK
The Flare Network is clearly engineered with a bold vision: to become a foundational layer for cross-chain interoperability in a fully decentralized Web3 world. With its suite of native protocols, Flare empowers developers to build a wide range of interoperability-focused solutions that go far beyond traditional blockchain limitations.
Got some new FLR?
Don’t stop there.
You can do much more with it. Start here ⤵️ pic.twitter.com/v7OEGr1RDe
— Flare ☀️ (@FlareNetworks) July 7, 2025
Two standout innovations already live on the Flare Network are F-Assets and LayerCake.
✅ F-Assets allow users to bring assets from other blockchains onto Flare in a trustless manner using a collateral-based system. This creates wrapped assets that maintain exposure to their original chains while gaining the benefits of Flare’s smart contract capabilities.
✅ LayerCake, on the other hand, enhances bridging between smart contracts by offering improved security, scalability, and speed. It is natively multiparty, meaning users can seamlessly bridge assets directly between any two supported chains within the LayerCake network—without relying on centralized intermediaries.
Looking ahead, it’s likely that we’ll see more applications and blockchain networks integrating with Flare, as developers tap into its unique interoperability infrastructure to build scalable, decentralized, and multi-chain products.
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〈What is Flare (FLR)? Flare Network Overview〉這篇文章最早發佈於《CoinRank》。
